Market Update 4.29.19 – Jaguar Land Rover Drivers To Earn Crypto

| Publish date: 04/29/2019

Market News

Jaguar Land Rover Drivers To Earn Crypto

Drivers of the Jaguar Land Rover may soon accumulate rewards in digital currency for simply sharing their own data. According to the official report, the automaker is testing blockchain technology in an attempt to give users the ability to allow their vehicles to automatically report road condition data like traffic congestion.

Basically, this data will be provided to local authorities and navigation providers. And by doing so, these drivers will obtain IOTA tokens. The decision to do so is made possible through a partnership with the non-profit IOTA Foundation.

Through the use of a “smart wallet” technology, the crypto earnings of these drivers can be redeemed to be used in a variety of ways. This includes, but not limited to, paying bills, electric charging, paying tolls, buying coffee, and paying parking fees. Interestingly, these drivers can choose to top up their wallet by way of conventional payment methods.

Read the full report here.

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E*Trade Will Launch BTC, ETH Trading

E*Trade Financial, which is basically an online stock brokerage, is already preparing for a launch of its very own crypto trading services. The report cites an individual deemed to be “familiar with the matter.” Basically, the company will first make the move by adding trading support specifically designed for Ether (ETH) and the world’s leading cryptocurrency Bitcoin (BTC).

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Apparently, this is just the beginning. E*Trade Financial has promised to bring forth another set of digital currencies, although nothing has been set in stone yet. The online brokerage, which is based in the U.S., is also on the verge of finalizing a third party, which will be responsible for holding these digital assets.

Read the full report here.

Moody Warns Risks On Private Blockchains

Moody, which is a rating agency, has expressed warnings of a good number of risks associated with private and centralized blockchains. These warnings, in particular, are highlight in its report meant for clients investigating the different advantages and disadvantages of the technology specifically designed for financial firms.

The report from the aforementioned agency is titled “Blockchain Improves Operational Efficiency for Securitizations, Amid New Risks.” By essence, it highlights the basic features that blockchain technology brings, as well as the many promises it offers. The company, according to the report, is clearly emphasizing the difference in security between public and private.

Read the full report here.

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Total Market Cap: April 29

In the past 24 hours, the trade volume had reached $39.60 billion. The market capitalization, on the other hand, was $171.47 billion.

Bitcoin Price Analysis: April 29

The world’s leading cryptocurrency, Bitcoin, has once again shown its dominance, as it jumped 0.11% and registered a price of $5,299.23. BTC obtained a trade volume of $12.82 billion and a market capitalization of $93.64 billion.

Ethereum Price Analysis: April 29

Ethereum is still a leading crypto, but it fell 0.81% and got a price of $157.47. The crypto’s trade volume and market cap reportedly reached $5.44 billion and $16.67 billion, respectively.

State of the Top 10 Cryptocurrencies: April 29

Some digital currencies soared, while other plummeted. As for the 10th spot, Cardano took it from TRON.

  • Bitcoin’s market price jumped 0.11% to $5,299.23, with a market value of $64 billion.
  • Ethereum’s market price fell 0.81% to $157.47, and the market value is $16.67 billion.
  • XRP’s market price jumped 0.38% to $299603. The crypto’s market value is set at $12.58 billion.
  • Bitcoin Cash fell in terms of market price at 4.36% to $253.64 in price, and as far as its market value is concerned, it is $4.50 billion.
  • EOS’s market price fell at 0.65% to $4.71, and the confirmed value in the market is $4.45 billion.
  • Litecoin’s market price fell 2.77% to $69.80, and market value topped $4.30 billion.
  • Binance Coin’s price in the market fell 2.04% to $22.51, and its value in the market is $3.18 billion.
  • Tether jumped 0.28% to $0.998023 in terms of market price, and market value is said to at $2.84 billion.
  • Stellar’s market price fell 0.53% to $099691, and its value in the market is $1.90 billion.
  • Cardano obtained the 10th spot and removed TRON, but it fell 2.59%. This resulted to a trade price of $0.068251 and a market value of $1.77 billion.

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